Brilliant at the Basics Part 12 (Video): Here’s Why You Shouldn’t Be Afraid to Renegotiate » Peter Vekselman
Summary: In this episode, we’re on part 12 of our series about bringing investing back to basics – keeping things simple. My business partner, Peter Vekselman, and I are sharing the things that we think will help you find REI success in the basics of investing. In today’s episode, we’re talking about why you should absolutely, most definitely, without a doubt renegotiate your offer price if it’s warranted. We know that makes some investors uncomfortable, but as you’ll hear – you really don’t need to be afraid to renegotiate your deals on the back end – if you follow our advice. Here we go… Watch and Enjoy: https://www.youtube.com/watch?v=-8f7JoykUWE&feature=youtu.be What’s inside 2:48 – Why to renegotiate your deals 7:46 – How to structure your contacts 10:44 – How to break the news to the seller that you’re renegotiating Mentioned in this episode Joe and Peter’s <a href="http://www.freebasicbook.com" target="_blank">Brilliant at the Basics</a> free book Peter and Joe’s <a href="http://www.peterandjoe.com" target="_blank">Apprenticing and Partnership Program</a> Tweetables [Tweet "You can never go broke making money and you can never go broke making a lot offers"] [Tweet "It's shocking how many sellers are ok with the renegotiation process when extra costs are explained"] [Tweet "Presenting a logical renegotiation case to the seller on why you're reducing your offer will bode well"] Transcription: <a href="http://www.realestateinvestingmastery.com/wp-content/uploads/2015/03/REIM-BATB-12-Brilliant-at-the-Basics-Part-12-Here%E2%80%99s-Why-You-Shouldn%E2%80%99t-Be-Afraid-to-Renegotiate.pdf" target="_blank">Download episode transcript in PDF format here...</a> Joe: Hey everybody, welcome! This is Joe and Peter. This is the Joe and Peter show. No but this is real estate investing mastery. We are doing a series called Brilliant at The Basics and bottom line guys you can never go broke making money. Who do they hear that from Peter. Peter: Thank you, thank you. Joe: I got that from Peter that little nugget of wisdom. You can never go broke making money, that’s a tweetable right there. So everybody listening to this go tweet that whatever that means. So we were talking last episode of the basic series on-- what were we talking about? Oh yeah keeping it simple and making offers, making a lot of offers. You can never go broke making money and you can never go broke making a lot of offers. And he who makes the most offer wins always, every time. All right so first of all if you go to Peterandjoe.com, Peterandjoe.com. There is a little video there Peter and I talk about what we do, why we’re doing this. We want to do more deals. We want to grow and do deals all over the country. And we are taking on partners. It’s application only, so we just don’t take anybody. We only want serious A players, but it doesn’t matter if you have a full time job. If you’ve been wanting to get into the business and you just kind of overwhelmed with all the stuff that you got to do, we’ve got a simple, duplicatable, easy to follow system, where we will set up your systems for you, your voicemail, your CRM, your websites, your phone systems all that, and we’ll actually do the marketing for you. We’ll find the cash buyers for you. We’ll find the sellers for you. Get the list, do the postcards. We have the VAs that will work for you as well. So there is a lot that even the VAs will do the follow up. We got a whole support team that will help you and work with you. I’m really, really proud of this. So if you want to go and get more information Peterandjoe.com, Peterandjoe.com. And Peter and I also wrote a book called Brilliant at The Basics, about how we kind of run our systems and how you can get more leads, more time, more money by being brilliant at the basics. All right so Peter today I wanted to talk about renegotiating deals because last episode we talked about just making offers. If it’s closed, it’s good enough,
